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IT’S OVER! NHL, NHLPA Strike a Deal to End the Lockout

After 113 days, millions of dollars lost in revenue and paychecks, multiple dereailed negotiation attempts, and a lot of depressing tweets, the NHL lockout is finally over.

Both sides reached a tentative agreement at 4:45 AM EDT this morning in New York City, after meeting for 16 hours straight. The news was first reported by Adrian Dater of The Denver Post. The new CBA is still pending ratification by the rest of the NHLPA.

“Don Fehr and I are here to tell you that we have reached an agreement on the framework of a new Collective Bargaining Agreement, the details of which need to be put to paper,” NHL Commissioner Gary Bettman said after the deal was reached. “We have to dot a lot of I’s and cross a lot of T’s. There is still a lot of work to be done, but the basic framework has been agreed upon. We have to go through a ratification process and the Board of Governors has to approve it from the league side and, obviously, the players have to approve it as well."

“I would be remiss if we didn’t think thank Scot Beckenbaugh, the deputy director of the FMCS (Federal Mediation and Conciliation Service) in the United States, for his assistance in the mediation process, and I want to thank [NHLPA executive director] Don Fehr, because he and the players’ association, as well as the people that work with me at the league went through a long, tough period, and we still have more work to do, but it’s good to be at this point.”

“Hopefully within a very few days, the fans can get back to watching people who are skating, not the two of us," Fehr said.